People With Serious Medical Conditions Can Obtain Life Insurance

Everybody should have an insurance cover to help them deal with tough medical situations. Life insurance is of utmost importance especially for people with serious medical conditions such as diabetes, heart disease and cancer because they can pass on anytime and leave loved ones behind. Many insurance companies cannot approve such people for a traditional life policy because of these medical conditions put them in high risk.

As much has the insurance companies are there to protect people, they have to protect themselves first. If you are among such people, the good news is that you can obtain a no-exam life insurance cover.

What does no-exam life insurance mean?

Unlike traditional term or whole life insurance policies, a no-exam life policy does not require that the applicant to subject to a physical medical examination. You only need to answer a few medical questions that can be as little as 4 and not more than 16, and even if you are no comfortable answering such questions, you can choose a plan that does not require you to answer them. The underwriting process is so simple such that you can have a life cover within 24 hours of applying for it.

Choose the best plan for you

When it comes to life insurance with no-exam, you have three main options you can go for. The first option is the simplified issue, where you have to answer a few medical questions. This cover is temporary and only covers you for a certain period.

The second option is the guaranteed acceptance issue, which does not require you to answer any medical question. Virtually anyone can be approved for this kind of policy. The last one is the final expense insurance, which is mainly for covering funeral expenses once you pass on. This is suitable for seniors as well.

Compare quotes online

The best place to shop for life insurance with no medical cover is online. You will save time and energy you would have used to walk from office to office, comparing rates. Online insurance companies give you a chance to compare different rates at once, and pick the most affordable one.

In fact, research shows that online insurance companies are generally cheaper than traditional insurance companies are. However, you have to be careful not to be a victim of online frauds. Be careful about giving out any personal information, and make sure a company is legitimate before doing business with it.